Market Size of Organ Preservation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Organ Preservation Market Analysis
The organ preservation market is expected to register a CAGR of 6.3% over the forecast period.
The coronavirus infection has impacted all aspects of healthcare, including the execution of life-saving treatments such as organ transplantation, by affecting the process of organ donation and recovery. The emergence of COVID-19 has had a significant influence on organ donation and transplantation around the world. It has interrupted these actions and drastically curtailed donation and transplant activities worldwide, resulting in a drop in demand for organ preservation products. According to the study published in the Israel Journal of Health Policy Research in January 2022, compared to pre-pandemic figures, the number of organs retrieved per donor decreased during the pandemic (from 3.8/donor to 3.4/donor ). Thus decreasing organ preservation during the pandemic. However, the market is gradually stabilizing as COVID-19 cases are declining, resulting in the return of the normal demand levels for organ preservation. Thus, COVID-19 is expected to significantly impact the organ preservation market over the forecast period.
Factors driving the market growth include rising cases of multiple organ failure in the aging population, technological advancements, and increasing government and NGO initiatives to encourage organ donation. When people have chronic kidney disease (CKD), their kidneys get damaged and may not clean the blood as healthy kidneys do over time. For instance, in April 2021, as per an article published by Aging and Disease Editorial, renal mass declines by about 10% per decade from 30 to 80 years old as people age. Renal blood flow decreases by approximately 10% per decade, along with a decline in glomerular filtration rate at a similar rate after age 40. However, single-nephron glomerular filtration rate and glomerular volume remain relatively constant with healthy aging. Thus, the surge in organ diseases may contribute to organ failure, leading to the need for organ transplantation, thus increasing the demand for organ preservation.
Additionally, various initiatives are taken by the government to promote organ donation, further expanding the market growth. For instance, in April 2021, the Biostasis Research Institute launched and funded the Organ and Tissue Preservation Center at the University of Minnesota to focus on technologies to safely and rapidly rewarm cryopreserved organs and other living systems. Similarly, in September 2021, Shenna Bellows, Secretary of State, joined organ donor recipients and supporters in launching a state-wide Maine Organ Donation Campaign. Banners and window clings are being placed in BMV offices to educate the public and encourage donors to register.
Thus, all the above-mentioned factors are expected to boost market growth over the forecast period. However, the high cost of organ transplantation may restrain the market growth over the forecast period.
